PDMO reports Thai public debt at 40.57% of GDP

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BANGKOK, 9 May 2012  – Official data showed that the country’s public debt has decreased slightly in February. 

The Public Debt Management Office (PDMO)’s Director General Chakkrit Parapuntakul said that Thailand’s public debt totaled 4.345 trillion baht, or 40.57 percent of GDP, as of February 2012.

Out of this, 3.143 trillion baht is the government debts, while 1.039 trillion baht belongs to non-financial state enterprises and another 163.21 billion baht is from state enterprises that the government has acted as a guarantor for.

Mr. Chakkrit stated that the latest figures showed a decrease in Thai public debt by 16.46 billion baht.

He added that the lower outstanding balance was derived from a fall in non-financial state enterprises’ and government-backed state enterprises’ debts by 38.80 and 4.05 billion baht along with a rise in government debts by 26.39 billion baht.